Build Your Property Business - Goal Setting

Do you want to build a profitable property business, so you can live life on your own terms? 

If so, you will need to take highly strategic approach, which starts with setting a clear destination for yourself. 

We have a dedicated course available in the Stacked Academy, which breaks this approach down into a series of actionable steps, as follows. 

Step 1 - Clarify Your Purpose

It all starts with having a crystal clear understanding of WHY you want to build a property business. This is a deeply personal and emotional exercise in understanding what drives and motivates you.

Before doing anything else, you must take the time to really explore and clarify this. 

Step 2 - Set Your 5 Year Goals

This is the grand vision of the life you want to create for yourself and your loved ones. Let your imagination run wild and focus on what you want, rather than worrying about how you will do it; there will be plenty of time for that later. 

Step 3 - Set Your 3 Year Goals

This is the first step towards breaking down your vision into a roadmap of milestones that you will need to accomplish along the way. 

Step 4 - Set Your 1 Year Goals

Now we start bringing things into sharper focus. You should still be working at a highly strategic level but things are now starting to feel a bit more short term. 

Step 5 - Set Your Quarterly Goals

As your goal is to create a business, as opposed to a side hustle, you should be breaking the year down into quarters to ensure you stay on track and remain accountable to your goals. 

Step 6 - Plan Your First Sprint

As an engineer, I have a deep appreciation for breaking large and complex challenges down into manageable chunks, which can be tackled incrementally. By breaking each quarter down into 6 sprints, each of which lasts 2 weeks, you will be able to start mapping out the order in which things need to happen. 

You can't renovate a house before you have bought it. You can't buy a house before you have found it.

When building a property business, there are many dependencies that you need to be aware of. It pays to map out the order in which things need to happen and take a highly strategic approach to ensuring they all get delivered on time and in the right order. 

Step 7 - Create Your Daily Habit Checklist

The key to massive success is taking consistent (high value) action over a prolonged period of time. By creating a checklist of daily actions and converting them into habits, you will be infinitely more likely to achieve your goals. 

Step 8 - Setup Your Accountability Framework

The biggest risk to building your dream life, is giving up when the going gets tough. 

To ensure that you keep going, regardless of the wealth of challenges that will inevitably present themselves, it is essential that you setup a very robust accountability framework. 

This should include coaches, mentors and fellow property investors that understand the challenges involved with building a profitable business. When you stumble (as we all do at times) these people will pick you up and support you when you most need it. 

When you've completed these steps, head on over to Stacked and we will show you how to invest in property